Symantec and The Carlyle Group to close acquisition of Veritas January 29, 2016

On December 21, Mountain View, CA-based Symantec Corp. and Washington, DC-based The Carlyle Group announced that they expect to close Carlyle’s acquisition of Veritas on January 29, 2016, subject to the satisfaction of customary closing conditions. The closing was previously expected to take place on January 1, 2016.

Bill Coleman, who will become CEO of Veritas upon the close of the transaction, said, “The team at Carlyle and I continue to be very excited about Veritas, its strong brand and products, as well as its top-tier customer and partner base. We see in Veritas an incredible opportunity for value creation and look forward to working alongside the strong existing Veritas team.”

Source: Symantec